Tuesday, October 1, 2013

Talisman Energy Inc. - TLM.t

Talisman Energy Inc. - TLM.t is a global upstream oil and gas company, headquartered in Canada. Talisman has two main operating areas: the Americas (North America and Colombia), and Asia-Pacific.

On September 29, 2013 the company released Q2 Numbers
Solid Performance from Two Core Areas - Q2 Cash Flow $526 million

CALGARY, ALBERTA--(Marketwired - July 31, 2013) - Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) has reported its operating and financial results for the second quarter of 2013. All values in this release are in US$ unless otherwise stated.

2013 Second Quarter Overview
•Production averaged 361,000 boe/d, down 3% from the previous quarter. Operational performance in Talisman's two core areas, the Americas and Asia-Pacific, was strong during the quarter. Planned turnarounds and unplanned downtime in the non-core North Sea, production restrictions in Algeria and natural declines in North America were partially offset by new oil production from HST/HSD in Vietnam and production growth in the Eagle Ford.

•Cash flow(1) was $526 million, up 2% relative to the previous quarter. Increased liquids volumes in Vietnam and the Eagle Ford and lower royalties in Malaysia were partially offset by lower North Sea production and oil prices.

•Net income was $97 million, compared to a net loss of $213 million in the first quarter. This was primarily a result of mark-to-market gains from the company's active hedging program and gains from the sale of non-core assets in Canada and Indonesia.